52700 Gratiot Ave New Baltimore, MI 48051

This exceptional investment opportunity presents a fee-simple interest in a thriving WhiteWater Express Car Wash located at 52700 Gratiot Ave, New Baltimore, MI 48051. The 8,726 square foot facility, built in 1998 and renovated in 2022, sits on a 2.61-acre lot with excellent visibility from I-94 and Gratiot Avenue (57,200 and 20,000 vehicles per day respectively). Currently operating under a 20-year Absolute NNN lease (commencing December 31, 2021, and expiring December 31, 2041), with 17.1 years remaining, this property offers significant long-term stability. The lease includes a corporate guarantee from a reputable operator with 100+ locations and a strong financial backing. Annual rent bumps of 1% provide inflation protection. The asking price is $4,250,417, representing a 6.00% cap rate and a price per square foot of $487.10. The property boasts a Net Operating Income (NOI) of $255,025 and features four, 5-year lease options. The tenant is responsible for all taxes, insurance, and maintenance, making this an ideal hands-off investment. Surrounding national retailers include 7-Eleven, CVS, Target, and many more, ensuring high traffic and visibility. This car wash offers high-quality services, including express washes with various add-ons and free vacuums. The opportunity to utilize bonus depreciation further enhances the investment appeal.